SUBSCRIBER NOTE: Platts proposes aligning IGP time stamp to INR settlement

Platts is proposing to shift the time stamp for its Indian Gold premium to reflect the prevailing value at 1700 Indian Standard Time (IST), effective October 30, 2015.

Platts launched its IGP assessment of the premium or discount value in dollars/troy ounce to reflect the prevailing value over international gold bullion values at 1800 IST.

The daily market engagement involved in the gathering of the underlying data suggests that liquidity is highest just preceding the close of opportunity for participants to hedge currency exposure with the Reserve Bank of India rupee/dollar exchange rate issuance at around 1700 IST.

Please send any comments or questions to ben.kilbey@platts.com and copy pricegroup@platts.com. The deadline for submitting comments is September 25, 2015.

For written comments, please provide a clear indication if comments are not intended for publication by Platts for public viewing. Platts will consider all comments received and will make comments not marked as confidential available upon request.